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REGISTERED NUMBER: 02104380















GRAHAM MARTYN BUILDERS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






GRAHAM MARTYN BUILDERS LIMITED (REGISTERED NUMBER: 02104380)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


GRAHAM MARTYN BUILDERS LIMITED (REGISTERED NUMBER: 02104380)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 740,000 600,000

CURRENT ASSETS
Stock and work in progress 74,571 74,571
Debtors 5 999 931
Cash at bank 3,067 3,580
78,637 79,082
CREDITORS
Amounts falling due within one year 6 122,850 133,617
NET CURRENT LIABILITIES (44,213 ) (54,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

695,787

545,465

CREDITORS
Amounts falling due after more than
one year

7

(72,014

)

(88,379

)

PROVISIONS FOR LIABILITIES (100,097 ) (49,474 )
NET ASSETS 523,676 407,612

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 418,254 328,877
Retained earnings 105,420 78,733
SHAREHOLDERS' FUNDS 523,676 407,612

GRAHAM MARTYN BUILDERS LIMITED (REGISTERED NUMBER: 02104380)

BALANCE SHEET - continued
31 JULY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





M J Jerome - Director


GRAHAM MARTYN BUILDERS LIMITED (REGISTERED NUMBER: 02104380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Graham Martyn Builders Limited is a private company limited by shares. The company is registered in England under number 02104380 and the address of the registered office is Barclays Bank Chambers, Bridge Street, Stratford Upon Avon, Warwickshire, CV37 6AH. The company's place of business is The Oriel House, Church Lane, Welford on Avon, Stratford Upon Avon, Warwickshire, CV37 8EL.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost is determined on a 'first in, first out' basis and in the case of work in progress and finished goods includes all direct expenditure and production and other overheads, based on normal levels of activity, incurred in bringing products to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GRAHAM MARTYN BUILDERS LIMITED (REGISTERED NUMBER: 02104380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 600,000
Revaluations 140,000
At 31 July 2023 740,000
NET BOOK VALUE
At 31 July 2023 740,000
At 31 July 2022 600,000

Investment property is held at deemed cost on transition to FRS 102. That value included revaluations in previous years when the excess over cost of £258,351 had been transferred to the revaluation reserve.

Investment property was valued on an open market basis on 31 July 2023 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 999 931

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8)
17,680

17,171
Trade creditors 253 -
Taxation and social security 6,516 5,553
Other creditors 98,401 110,893
122,850 133,617

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 12,014 28,379
Other creditors 60,000 60,000
72,014 88,379

GRAHAM MARTYN BUILDERS LIMITED (REGISTERED NUMBER: 02104380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 17,680 17,171

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,014 17,171

Amounts falling due between two and five years:
Bank loans - 2-5 years - 11,208

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 29,694 45,550

The bank loan is secured by first legal charges over the investment property and the building included in work in progress. There is also an unlimited guarantee provided by Cannylads Limited, a company controlled by the directors.